Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$120,302$120,302$332,910
Remaining term (yrs)12.112.130.0
Secondary amount$0$212,608$0
Funding fee$0$0$0
Note rate6.460%6.460%7.320%
Blended rate7.310%7.591%7.560%
1st payment$1,186.56$1,186.56$2,286.86
2nd payment$0.00$1,373.09$0.00
Taxes / mo$180.42$180.42$180.42
Insurance / mo$150.00$150.00$150.00
MI / mo$133.53$133.53$66.58
HOA / mo$0.67$0.67$0.67
Total monthly$1,651.17$3,024.26$2,684.53
Cash to close$249,598$36,990$36,990